Latest Realty News of Jammu & Kashmir

NEW DELHI: The sharp cut in repo rate is expected to give a fresh lease of life to the struggling real estate sector while lowering of risk weight for affordable housing loans is likely to add to the recovery.

The Reserve Bank of India (RBI) cut its policy interest rate to a 4-1/2 year low of 6.75 percent on Tuesday, in a bigger-than-expected move that, with inflation running at record lows, could help an economy in danger of slowing down.

KOLKATA: Drafting uniform land rules for all its areas seems to be one of the biggest tasks before the new Bidhannagar Municipal Corporation, once it starts functioning under a board of councillors from October. The challenge lies in the fact that the current norms for Salt Lake and Rajarhat are opposite of each other.

MUMBAI: The Mumbai board of the Maharashtra Housing Area Development Authority (Mhada) has asked the government to restore the floor space index (FSI) for redevelopment of its colonies to four from the current three.

VISAKHAPATNAM: Realtors in the districts of Visakhapatnam and Vizianagaram are rubbing their hands in glee as the demand for plots in the Vizag-Vizianagaram belt is witnessing a steady growth, which they claim is on account of the sharp increase in realty prices in the capital region of AP.

MOHALI: Greater Mohali Area Development Authority (GMADA) earned more than Rs 170.93 crore through the auction of various commercial sites in the Sector-70, Community Centre on Wednesday. Commercial chunk, group housing, school, hotel and food court sites and Greater Mohali Area Development Authority (GMADA) were the top grossers.

The embattled prime minister of Malaysia, facing mounting political turmoil and a parade of inquiries at home and abroad into a sovereign wealth fund that he oversees, is now coming under the scrutiny of American investigators as well.

NOIDA: Ten housing projects caught in the legal wrangle of demarcating an eco-sensitive zone around the Okhla Bird Sanctuary have received completion certificates from the Noida Authority, paving the way for 7,000 buyers to take possession of their homes.

MADURAI: The recent decision of the Tamil Nadu government to make solar power generation facility mandatory for buildings with more than four floors has not gone down well with many developers in the city, who are worried about the cost involved.

MUMBAI/BENGALURU: The commercial real estate market is making a comeback after being in the dumps for over three years, with recent deals and a healthy pipeline indicating early signs of recovery, especially with large transactions picking up.

NEW DELHI: The central government is working on putting in place a single window time-bound clearance system for layout approvals and building permissions by the beginning of next year, housing and urban development minister M Venkaiah Naidu said.

BENGALURU: More than 50 real estate agents and brokers on Tuesday morning attacked the headquarters of NoBroker, a home rental startup, at HSR Layout in southeast Bengaluru. They picketed the online house-hunting marketplace and shouted slogans, saying the company was ruining their livelihood.

Rapid urbanisation is setting the pace of the Indian construction industry and, by extension, the construction chemicals market. The government’s ambitious ‘Housing for All’ and ‘100 Smart Cities’ programs are key growth drivers for the construction chemicals sector.

NEW DELHI: The real estate market in India has matured after the slowdown and investors now have a more realistic view about returns these days, says Robert Marten, managing director, Global Real Estate Institute (GRI), a global club of senior real estate investors, developers and lenders.

NEW DELHI: Unauthorized harnessing of groundwater for construction purposes has caught the National Green Tribunal's attention which has issued notice to 14 builders in Delhi-NCR for extracting water flouting rules.

MUMBAI: Three persons from Delhi and Pune were arrested on Thursday for forging digital signatures and presenting themselves as a company's directors on the Ministry of Corporate Affairs (MCA) website. The signatory details of the directors were suddenly changed in March and three new persons were fraudulently shown as directors.